Meadow Creek Investment Management LLC trimmed its position in shares of Nordson Co. (NASDAQ:NDSN) by 32.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,780 shares of the industrial products company’s stock after selling 11,788 shares during the quarter. Meadow Creek Investment Management LLC’s holdings in Nordson were worth $3,628,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of NDSN. Advisory Services Network LLC boosted its stake in Nordson by 972.7% in the fourth quarter. Advisory Services Network LLC now owns 1,062 shares of the industrial products company’s stock valued at $155,000 after acquiring an additional 963 shares during the last quarter. Quantbot Technologies LP raised its holdings in Nordson by 1,168.2% in the third quarter. Quantbot Technologies LP now owns 1,636 shares of the industrial products company’s stock worth $193,000 after purchasing an additional 1,507 shares during the period. Sapphire Star Partners LP acquired a new stake in Nordson in the fourth quarter worth $212,000. Sequoia Financial Advisors LLC acquired a new stake in Nordson in the fourth quarter worth $213,000. Finally, MML Investors Services LLC acquired a new stake in Nordson in the fourth quarter worth $214,000. 66.70% of the stock is currently owned by hedge funds and other institutional investors.
NDSN has been the topic of a number of research analyst reports. Robert W. Baird restated a “hold” rating and set a $157.00 price objective on shares of Nordson in a report on Wednesday. Gabelli lowered shares of Nordson from a “buy” rating to a “hold” rating in a report on Friday, December 15th. Wells Fargo reaffirmed a “market perform” rating and issued a $140.00 target price (down previously from $155.00) on shares of Nordson in a research report on Monday, February 26th. They noted that the move was a valuation call. SunTrust Banks raised their target price on shares of Nordson to $166.00 and gave the company a “buy” rating in a research report on Friday, December 15th. Finally, DA Davidson began coverage on shares of Nordson in a research report on Wednesday, February 21st. They issued a “buy” rating and a $160.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Nordson currently has an average rating of “Hold” and a consensus target price of $154.30.
Shares of NASDAQ:NDSN traded down $5.13 during midday trading on Friday, hitting $131.38. The stock had a trading volume of 180,674 shares, compared to its average volume of 201,382. The stock has a market capitalization of $7,616.49, a PE ratio of 24.47, a PEG ratio of 1.55 and a beta of 1.28. Nordson Co. has a fifty-two week low of $107.16 and a fifty-two week high of $151.84. The company has a current ratio of 1.52, a quick ratio of 1.07 and a debt-to-equity ratio of 0.97.
Nordson (NASDAQ:NDSN) last released its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $1.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.01. The business had revenue of $550.42 million during the quarter, compared to analysts’ expectations of $538.21 million. Nordson had a net margin of 15.85% and a return on equity of 30.41%. The firm’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.86 EPS. research analysts predict that Nordson Co. will post 6.33 EPS for the current fiscal year.
In related news, CEO Michael F. Hilton sold 55,000 shares of the business’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $138.18, for a total transaction of $7,599,900.00. Following the transaction, the chief executive officer now owns 241,274 shares in the company, valued at approximately $33,339,241.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Joseph Stockunas sold 5,000 shares of the business’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $146.13, for a total transaction of $730,650.00. Following the transaction, the vice president now owns 14,933 shares in the company, valued at approximately $2,182,159.29. The disclosure for this sale can be found here. Insiders have sold a total of 127,143 shares of company stock worth $17,732,873 over the last three months. Insiders own 2.01% of the company’s stock.
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Nordson Corporation engineers, manufactures and markets differentiated products and systems used to dispense, apply and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids, to test and inspect for quality, and to treat and cure surfaces. The Company’s segments include Adhesive Dispensing Systems, Advanced Technology Systems and Industrial Coating Systems.
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